Highlights of the RBI MPC meeting: RBI reduces CRR to 4% while maintaining the repo rate at 6.5%.

Highlights of the RBI MPC meeting: The RBI reduced the cash reserve ratio (CRR) by 50 basis points to 4% while maintaining the repo rate at 6.5%.

Highlights of the RBI MPC meeting: The RBI must address both declining GDP growth and increasing inflation in its December 2024 monetary policy.

Highlights of the RBI MPC meeting: Governor Shaktikanta Das declared on Friday, December 6, 2024, that the Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5%. The repo rate has now held steady at 6.5% for the eleventh straight period. The cash reserve ratio (CRR) was lowered by 50 basis points to 4% by the RBI in the meantime.

This occurs at a time when GDP growth slowed to 5.4% for the July–September quarter and India's inflation spiked to 6.2% in October 2024, above the RBI's tolerance limit.

Additionally, as Governor Das's term is coming to an end this month, it might be the last MPC with him leading. However, because he was appointed in December 2018 and received an extension in 2021, it is unclear if he will remain in office.

Live updates from the RBI MPC meeting: The press conference and MPC announcement come to an end.

In keeping with its decision to maintain the repo rate at 6.5%, the RBI has done so for the eleventh straight occasion.

In the meantime, there has been a 50 basis point reduction in the cash reserve ratio (CRR) to 4%.

This was a balancing act when India's GDP growth slowed to 5.4% for the July-September quarter and its inflation spiked to 6.2% in October 2024, above the RBI's tolerance level.

Live updates from the RBI MPC meeting: Governor Shaktikanta Das comments on the overwhelming response to the RBI 90 Quiz.

Live updates from the RBI MPC meeting: Governor Shaktikanta Das reported that the RBI 90 Quiz received a resounding response.

Live updates from the RBI MPC meeting: Financial system scams would be detected by Mulehunter.ai, according to Deputy Governor T. Rabi Sankar.

Live updates from the RBI MPC meeting: Deputy Governor T. Rabi Sankar stated that Mulehunter.ai will be trained to detect financial system scams.

Live updates from the RBI MPC meeting: RBI Governor Shaktikanta Das claims that the depletion of foreign exchange reserves is the result of value losses.

Live updates from the RBI MPC meeting: According to RBI Governor Shaktikanta Das, value losses are mostly to blame for the decline in foreign exchange reserves.

Live updates from the RBI MPC meeting: US tariffs will not be a one-off occurrence, according to Deputy Governor Michael Patra.

Live updates from the RBI MPC meeting: Deputy Governor Michael Patra stated that China might impose retaliation tariffs and that US tariffs would not be an isolated incident.

Live updates from the RBI MPC meeting: We are attempting to keep ahead of the curve because podcasts have a large audience, particularly among young people. As stated by Shaktikanta Das

Live updates from the RBI MPC meeting: Regarding the forthcoming RBI podcasts, RBI Governor Shaktikanta Das stated, "We are trying to stay ahead of the curve because podcasts have great viewership, especially among youngsters."